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Industries pressure Washington to act as chip crisis worsens

POLITICO Industries pressure Washington to act as chip crisis worsens The Commerce Department held another summit with industry leaders this week as businesses try to get help with the chip shortage. Commerce Secretary Gina Raimondo has been meeting with executives from the tech, auto and semiconductors sectors this week. | Oliver Contreras-Pool/Getty Images Link Copied Washington’s pledge to pour tens of billions of taxpayer dollars into making more microchips in the U.S. is setting off beh...
United States White House District Of Columbia South Korea South Korean Kristin Dziczek

Biden raises stakes for the dollar with Russia sanctions

Biden raises stakes for the dollar with Russia sanctions The US President’s decision to ban US financial institutions from buying new sovereign Russian debt offers the first insight into his attitude to sanctions, and prompted concern about their overuse. Katrina Manson Save Share By using American banks as a cudgel against Russia, Joe Biden has shown his willingness to weaponise the US financial system against foes, continuing a tactic honed during the Obama years and dramatically ramped ...
New York United States White House District Of Columbia Andrea Kendall Taylor Rachel Ziemba
Source: afr.com

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